Obama Will Not Sign Bill Seen As Cover For Bank Foreclosures - This is great news but keep following this story it's important.

Sen. Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, moved the legislation through the Senate without debate on Sept. 27.

"Senator Leahy understands the President's decision not to sign the Interstate Recognition of Notarizations Act, and he supports that decision," said a Leahy spokeswoman in a statement. "When Congress passed the legislation, no concerns or objections had been expressed. Now that concerns have been raised, Congress should reexamine whether this bill might have an unintended impact on foreclosures in the future. We certainly do not believe that is what Representative Aderholt and the other cosponsors of the legislation intended."

This is great news, but notice what Senator Leahy who introduced this legislation comments here. It sounds a lot like bullshit for: "this bill was designed to help the banks foreclose on people that are having financial problems with their bad mortgages."